FP Markets
CFDCFD FP Markets offers CFD trading: leveraged contracts that follow the price of an asset without owning it. Switch the comparison to CFD/FX to rate it on that. FXFX FP Markets offers forex trading: currency pairs such as EUR/USD, traded with leverage. Forex is rated together with CFDs, on the CFD/FX side.
FP Markets review ›
84CFD/FXOverall score FP Markets scores 84/100 for CFD/FX trading. The overall score is calculated from the data in this comparison across 12 areas.
74.56% of retail investor accounts lose money when trading CFDs with this provider.
IC Markets
CFDCFD IC Markets offers CFD trading: leveraged contracts that follow the price of an asset without owning it. Switch the comparison to CFD/FX to rate it on that. FXFX IC Markets offers forex trading: currency pairs such as EUR/USD, traded with leverage. Forex is rated together with CFDs, on the CFD/FX side.
IC Markets review ›
87CFD/FXOverall score IC Markets scores 87/100 for CFD/FX trading. The overall score is calculated from the data in this comparison across 12 areas.
72.52% of retail investor accounts lose money when trading CFDs with this provider.
Best for
What we compare A comparison of the kinds of traders FP Markets and IC Markets are best suited to, based on what each one actually offers in .IC Markets is better than FP Markets for professional traders. Both are a good fit for scalpers, swing traders and news traders.
| Overall score | FP Markets 84 -3 | IC Markets 87 Best |
|---|---|---|
| Day trading i | ||
| Long-term investing i | ||
| Professional traders i | ||
| High-volume traders i | ||
| Scalpers i | ||
| Swing traders i | ||
| News traders i | ||
| Algo traders i | ||
| Stock traders i | ||
| Crypto traders i | ||
| Futures traders i | ||
| Options traders i |
Regulation
What we compare A comparison between the financial authorities that supervise FP Markets and the ones that supervise IC Markets.FP Markets and IC Markets are both regulated by top-tier authorities, including CySEC and ASIC (Australia).
| Section score | FP Markets 100 | IC Markets 100 |
|---|---|---|
| Tier-1 regulators | ||
| ESMA (European Union) i | CySEC (Cyprus) | CySEC (Cyprus) |
| FCA (United Kingdom) i | ||
| ASIC (Australia) i | ||
| CFTC (United States) i | ||
| NFA (United States) i | ||
| SEC (United States) i | ||
| CIRO (Canada) i | ||
| MAS (Singapore) i | ||
| SFC (Hong Kong) i | ||
| JFSA (Japan) i | ||
| FINMA (Switzerland) i | ||
| Tier-2 regulators | ||
| FMA (New Zealand) i | ||
| CBR (Russia) i | ||
| FSCA (South Africa) i | ||
| DFSA (Dubai) i | ||
| CSRC (China) i | ||
| ISA (Israel) i | ||
| LFSA (Malaysia) i | ||
| JSC (Jordan) i | ||
| CMA (Kenya) i | ||
| Tier-3 regulators | ||
| FSA (Seychelles) i | ||
| MMA (Maldives) i | ||
| SCB (Bahamas) i | ||
| FSC (Mauritius) i | ||
| VFSC (Vanuatu) i | ||
| FSC (Belize) i | ||
| CIMA (Cayman Islands) i | ||
| SV FSA (Saint Vincent and the Grenadines) i | ||
| FSRC (St. Kitts & Nevis) i | ||
| BMA (Bermuda) i | ||
| BVI FSC (British Virgin Islands) i | ||
| EDR (External Dispute Resolution) i | ||
Safety
What we compare A comparison of the tools and services that FP Markets and IC Markets have in place to protect your money in .FP Markets and IC Markets both offer segregated client funds and an investor compensation scheme.
| Section score | FP Markets 79 | IC Markets 78 -1 |
|---|---|---|
| Company info | ||
| Is it publicly traded i | ||
| Is it a bank i | ||
| Year founded i | 2005 | 2007 |
| Parent company i | First Prudential Markets Pty Ltd | International Capital Markets Pty Ltd |
| CEO i | Craig Allison | Andrew Budzinski |
| Money safety | ||
| Segregated client funds i | ||
| Two-factor authentication i | ||
| Investor compensation scheme i | ||
| Additional money insurance i | ||
| Partner bank i | N/A | Eurobank |
| Brand power | ||
| Number of customers worldwide i | ||
| Annual revenue i | ||
| Monthly website search traffic i | 563.6K monthly visits | 2.2M monthly visits |
Costs
What we compare A comparison of what it costs to trade with FP Markets and with IC Markets in , both on each trade and on holding the account.IC Markets is better than FP Markets for costs, as IC Markets is cheaper on EUR/USD, at 7.8 USD per lot (against FP Markets' 9.5 USD), has tighter gold CFD spreads, at 0.08 points (against FP Markets' 0.25 points), and charges lower Bitcoin CFD fees, at 6.46 USD (against FP Markets' 19.38 USD). Neither FP Markets nor IC Markets charges account maintenance fees or deposit fees.
| Section score | FP Markets 61 -4 | IC Markets 65 Best |
|---|---|---|
| Broker fees | ||
| Deposit fees i | ||
| Withdrawal fees i | ||
| Overnight fees i | ||
| Inactivity fees i | ||
| Currency conversion fees i | ||
| Discounts on volume i | ||
| Real time market data fee i | ||
| Dividend withholding i | ||
| Account opening fees i | ||
| Account maintenance fee i | ||
| Portfolio management fee i | ||
| Fees on CFDs | ||
| Forex commission per lot i | USD 6 | USD 7 |
| EUR/USD average standard spread i | ||
| EUR/USD average raw spread i | ||
| EUR/USD average fixed spread i | ||
| EUR/USD total cost per lot i | USD 9.5 | USD 7.8 |
| S&P 500 fees (CFD) i | 0.25 points | 0.36 points |
| Gold fees (CFD) i | 0.25 points | 0.08 points |
| Bitcoin fees (CFD) i | USD 19.38 | USD 6.46 |
| US stocks fees (CFD) i | USD 0.02 | USD 0.02 |
| Fees on stocks | ||
| Stock fee type i | Commission, Percentage | Commission, Percentage |
| US stocks fees (real) i | ||
| ETF fees (real) i | ||
| Management costs i | ||
| Connection costs i | ||
| Fees on futures | ||
| Futures fees per contract i | Free | |
| Platform fees i | ||
| Fees on options | ||
| Options fees per contract i | ||
| Event fees i | ||
| Fees on savings plans | ||
| IRA opening fee i | ||
| IRA maintenance fee i | ||
| 401k opening fee i | ||
| 401k maintenance fee i | ||
Available markets
What we compare A comparison of the markets and products you can trade with FP Markets and with IC Markets in , and of how many instruments each one gives access to.FP Markets and IC Markets are close on available markets. Both FP Markets and IC Markets offer CFDs on commodities, crypto, ETFs, forex, indices and stocks. FP Markets goes a step further, as it gives access to 10,000 tradable symbols (against IC Markets' 2,850).
| Section score | FP Markets 75 | IC Markets 75 |
|---|---|---|
| Total tradable symbols i | 10,000 | 2,850 |
| Currency pairs i | ||
| Indices i | ||
| Commodities i | ||
| Stocks i | ||
| ETF i | ||
| Cryptocurrencies i | ||
| Bonds i | ||
| Interest rates i | ||
| Portfolios i | ||
| CFDs i | Commodities, Crypto, ETF, Forex, Indices, Stocks | Commodities, Crypto, ETF, Forex, Indices, Stocks |
| Futures i | ||
| Options i | ||
| Assets you can own i |
Platform
What we compare A comparison of the trading platforms that FP Markets and IC Markets make available to their clients in .IC Markets is better than FP Markets for platforms, given that IC Markets offers social trading, copy trading and ZuluTrade, which FP Markets does not. FP Markets and IC Markets both offer cTrader and MetaTrader 5.
| Section score | FP Markets 80 -9 | IC Markets 89 Best |
|---|---|---|
| Proprietary platform i | ||
| MetaTrader 4 i | ||
| MetaTrader 5 i | ||
| cTrader i | ||
| Social trading platform i | ||
| Copy trading platform i | ||
| ZuluTrade i | ||
| TradingView i | ||
| Duplitrade i | ||
| Mirror Trader i | ||
| NinjaTrader i | ||
| AutoChartist i | ||
| Real time pricing i | ||
| 5 digit pricing i | ||
| One-click trading i |
Mobile
What we compare A comparison of the mobile apps of FP Markets and IC Markets in , and of what each one lets you do from your phone.FP Markets and IC Markets are equally good for mobile trading, as both offer a proprietary mobile app and the cTrader app.
| Section score | FP Markets 93 | IC Markets 93 |
|---|---|---|
| Proprietary app i | ||
| Social trading app i | ||
| Copy trading app i | ||
| MetaTrader 4 app i | ||
| MetaTrader 5 app i | ||
| cTrader app i | ||
| Mobile trading signals i | ||
| Mobile alerts i | ||
| Mobile charting tools i | ||
| Mobile drawing tools i | ||
| Mobile watchlist i | ||
| Smartwatch app i |
Trading features
What we compare A comparison of the trading tools and strategies that FP Markets and IC Markets allow on their platforms in .IC Markets is better than FP Markets for trading features. FP Markets and IC Markets both offer negative balance protection and trailing stops.
| Section score | FP Markets 87 -6 | IC Markets 93 Best |
|---|---|---|
| Trade execution | ||
| Broker type i | NDD | NDD |
| Average execution time i | 40 ms | 66 ms |
| Slippage occurrence i | ||
| Requotes occurrence i | ||
| Tier-1 liquidity providers i | ||
| PFOF i | ||
| Leverage | ||
| Major FX pairs leverage i | 30:1About this value. This is the major fx pairs leverage at First Prudential Markets Ltd (CySEC). At FP Markets' other companies: 500:1 (other accepted countries), 30:1 (Australia). | 30:1About this value. This is the major fx pairs leverage at IC Markets (EU) Ltd (CySEC). At IC Markets' other companies: 30:1 (Australia), 5000:1 (other accepted countries). |
| Minor/Exotic FX pairs leverage i | 20:1About this value. This is the minor/exotic fx pairs leverage at First Prudential Markets Ltd (CySEC). At FP Markets' other companies: 500:1 (other accepted countries), 20:1 (Australia). | 20:1About this value. This is the minor/exotic fx pairs leverage at IC Markets (EU) Ltd (CySEC). At IC Markets' other companies: 20:1 (Australia), 5000:1 (other accepted countries). |
| Major indices leverage i | 20:1About this value. This is the major indices leverage at First Prudential Markets Ltd (CySEC). At FP Markets' other companies: 200:1 (other accepted countries), 20:1 (Australia). | 20:1About this value. This is the major indices leverage at IC Markets (EU) Ltd (CySEC). At IC Markets' other companies: 20:1 (Australia), 200:1 (other accepted countries). |
| Minor indices leverage i | 10:1About this value. This is the minor indices leverage at First Prudential Markets Ltd (CySEC). At FP Markets' other companies: 200:1 (other accepted countries), 10:1 (Australia). | 10:1About this value. This is the minor indices leverage at IC Markets (EU) Ltd (CySEC). At IC Markets' other companies: 10:1 (Australia), 200:1 (other accepted countries). |
| Gold leverage i | 20:1About this value. This is the gold leverage at First Prudential Markets Ltd (CySEC). At FP Markets' other companies: 500:1 (other accepted countries), 20:1 (Australia). | 20:1About this value. This is the gold leverage at IC Markets (EU) Ltd (CySEC). At IC Markets' other companies: 20:1 (Australia), 2000:1 (other accepted countries). |
| Commodities leverage i | 10:1About this value. This is the commodities leverage at First Prudential Markets Ltd (CySEC). At FP Markets' other companies: 500:1 (other accepted countries), 10:1 (Australia). | 10:1About this value. This is the commodities leverage at IC Markets (EU) Ltd (CySEC). At IC Markets' other companies: 10:1 (Australia), 1000:1 (other accepted countries). |
| Equities leverage i | 5:1About this value. This is the equities leverage at First Prudential Markets Ltd (CySEC). At FP Markets' other companies: 20:1 (other accepted countries), 5:1 (Australia). | 5:1About this value. This is the equities leverage at IC Markets (EU) Ltd (CySEC). At IC Markets' other companies: 5:1 (Australia), 20:1 (other accepted countries). |
| Cryptocurrency leverage i | 2:1About this value. This is the cryptocurrency leverage at First Prudential Markets Ltd (CySEC). At FP Markets' other companies: 5:1 (other accepted countries), 2:1 (Australia). | 2:1About this value. This is the cryptocurrency leverage at IC Markets (EU) Ltd (CySEC). At IC Markets' other companies: 2:1 (Australia), 500:1 (other accepted countries). |
| Risk management | ||
| Stop losses i | ||
| Take profits i | ||
| Limit orders i | ||
| Trailing stop i | ||
| Margin call i | ||
| OCO orders i | ||
| Guaranteed stop loss i | ||
| Negative balance protection i | ||
| Minimum trade size (FX) i | 0.01 lots | 0.01 lots |
| Minimum trade size (stocks) i | USD 0 | USD 0 |
| Fractional stocks i | ||
| Trading compliance | ||
| Scalping strategies allowed i | ||
| Hedging strategies allowed i | ||
| Automated trading strategy allowed i | ||
| EAs use allowed i | ||
| HFT strategy allowed i | ||
| VPS use allowed i | ||
| API use allowed i | ||
| Price scraping allowed i | ||
| FIFO rule applies i | ||
Account types
What we compare A comparison of the kinds of account you can open at FP Markets and at IC Markets in , and of who each one is meant for.IC Markets is better than FP Markets for account types, since IC Markets offers a professional traders account, a managed account and a copy trading account, which FP Markets does not. FP Markets and IC Markets both offer a demo account and a corporate account.
| Section score | FP Markets 51 -28 | IC Markets 79 Best |
|---|---|---|
| Demo account i | ||
| Unlimited demo account i | ||
| Standard account i | ||
| Micro account i | ||
| Cent account i | ||
| Nano account i | ||
| Raw spread account i | ||
| ECN account i | ||
| Swap-free account i | ||
| Islamic account i | ||
| Professional traders account i | ||
| Fixed spread account i | ||
| Spread betting account i | ||
| Copy trading account i | ||
| Corporate account i | ||
| Managed account i | ||
| Stock investing account i | ||
| Margin investing account i | ||
| Savings account i | ||
| Retirement account i |
Account opening
What we compare A comparison of what it takes to open and fund an account with FP Markets and with IC Markets in .IC Markets is better than FP Markets for account opening, because IC Markets offers 10 account base currencies (against FP Markets' 2), and credits deposits faster, within the same day (against FP Markets' 1 day). However, the minimum deposit is lower at FP Markets, at 100 USD (against IC Markets' 224 USD).
| Section score | FP Markets 72 -13 | IC Markets 85 Best |
|---|---|---|
| Minimum deposit i | USD 100About this value. This is the minimum deposit at First Prudential Markets Ltd (CySEC). At FP Markets' other companies: USD 100 (other accepted countries), USD 0 (Australia). | USD 224About this value. This is the minimum deposit at IC Markets (EU) Ltd (CySEC). At IC Markets' other companies: USD 200 (Australia), USD 0 (other accepted countries). |
| Minimum withdrawal i | USD 0 | USD 0 |
| Wire transfers i | ||
| Credit cards i | ||
| Debit cards i | ||
| eWallets i | PayPal, Neteller, SkrillAbout this value. This is the ewallets at First Prudential Markets Ltd (CySEC). It is different at FP Markets' companies in other accepted countries. | PayPal, Neteller, Skrill |
| Local payment methods i | ||
| Account base currencies i | EUR, USDAbout this value. This is the account base currencies at First Prudential Markets Ltd (CySEC). It is different at FP Markets' companies in other accepted countries and Australia. | AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD, USDAbout this value. This is the account base currencies at IC Markets (EU) Ltd (CySEC). It is different at IC Markets' companies in Australia. |
| Deposit waiting time i | up to 1 business days | Instant |
| Withdrawal waiting time i | up to 1 business days | up to 1 business days |
| Bonus program i |
Customer care
What we compare A comparison of the customer support of FP Markets and IC Markets in , in how it can be reached and how fast it answers.FP Markets and IC Markets are equally good for customer care, since FP Markets offers call-back requests. On the other hand, IC Markets offers customer support in 17 languages (against FP Markets' 12), and has a website in 17 languages (against FP Markets' 10). Both FP Markets and IC Markets offer a dedicated account manager and phone support.
| Section score | FP Markets 87 | IC Markets 87 |
|---|---|---|
| Number of languages supported i | 12 | 17 |
| Website languages i | Arabic, German, English, French, Italian, Malay, Portuguese, Russian, Spanish, Vietnamese | Arabic, Bulgarian, Czech, German, English, French, Croatian, Indonesian, Italian, Korean, Malay, Portuguese, Russian, Spanish, Thai, Vietnamese, Chinese |
| Website available in English i | ||
| Customer support languages i | Arabic, German, English, French, Indonesian, Italian, Korean, Malay, Portuguese, Spanish, Thai, Chinese | Arabic, Bulgarian, Czech, German, English, French, Croatian, Indonesian, Italian, Korean, Malay, Portuguese, Russian, Spanish, Thai, Vietnamese, Chinese |
| Customer support in English i | ||
| Call back request i | ||
| Email support i | ||
| Phone support i | ||
| Live chat i | ||
| Priority customer support i | ||
| Dedicated account manager i | ||
| Cash sweep i | ||
| Stock lending i | ||
| Distributes proceeds i | ||
| Tax withholding agent i | ||
| Tax assistance i |
Learning
What we compare A comparison of the educational material that FP Markets and IC Markets provide to their clients in .FP Markets and IC Markets are equally good for learning, as both offer education for advanced traders and webinars.
| Section score | FP Markets 100 | IC Markets 100 |
|---|---|---|
| Education | ||
| Education center i | ||
| Education for beginners i | ||
| Education for advanced traders i | ||
| Webinars i | ||
| Tutorials i | ||
| Glossary i | ||
| Research | ||
| Economic calendar i | ||
| Traders' sentiment i | ||
| Daily market commentary i | ||
| Daily trading ideas i | ||
| News via social media i | ||
| Professional reports i | ||
| Watchlist i | ||
FP Markets
Open Account 74.56% of retail investor accounts lose money when trading CFDs with this provider.
IC Markets
Open Account 72.52% of retail investor accounts lose money when trading CFDs with this provider.
FP Markets vs IC Markets: which one should you choose?
FP Markets
CFD/FX Choose FP Markets if you want an online CFD broker with a wide choice of markets and fast order execution.
Open Account 74.56% of retail investor accounts lose money when trading CFDs with this provider.
IC Markets
CFD/FX Choose IC Markets if you want a forex broker with low trading costs.
Open Account 72.52% of retail investor accounts lose money when trading CFDs with this provider.Other popular comparisons
Below are other head-to-head comparisons that include FP Markets or IC Markets, each scored with the same data and method as this page.
